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Mid-Penninsula Hermanas INC

Tax-deductible

Foster City, CA501(c)(3) EIN 94-3197473Revenue $444K in FY2024

On file with the IRSmidpen-housing.org303 Vintage Park Dr Ste 250, 94404-1176 · Foster City, CATax-exempt since Sep 1994Publicly supported — 509(a)(2)

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In conjunction with related organizations, midpen housing corporation's mission is to provide safe, affordable housing of high quality to those in need; to establish stability and opportunity in the lives of residents; and to foster diverse communities that allow people from all ethnic, social and economic backgrounds to live in dignity, harmony and mutual respect.

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $736K a year · 184% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $1.9M
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$83.5M
105% of total assets
Concern: liabilities are 105% of assets; over 80%.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$444K
-28% vs prior year
Spent
$3.1M
To programs
96%
Net assets
−$3.6M
By yearFY2020–FY2024
Revenue
$444K
FY2024▼ -28%
Tap a bar for its year
Revenue by fiscal year
FY2020$11
FY2021$442K
FY2022$499K
FY2023$619K
FY2024$444K
Expenses
$3.1M
FY2024▲ +213%
Tap a bar for its year
Expenses by fiscal year
FY2020$128K
FY2021$543K
FY2022$897K
FY2023$997K
FY2024$3.1M
Net assets
−$3.6M
FY2024▼ -281%
Tap a bar for its year
Net assets by fiscal year
FY2020−$62K
FY2021−$172K
FY2022−$570K
FY2023−$948K
FY2024−$3.6M

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1994.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $3.0M Management & general 4% · $120K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

22 people listed on the 990.

Part VII, Section A · reportable compensation
Eric Harrison
Chairperson
$0Pt VII · Sec A
Jessica Garcia-Kohl
Vice Chairperson
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Melanie Mock
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Mid-Penninsula Hermanas INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides safe, affordable housing and fosters stable, diverse communities for those in need.

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Provided by the organization

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1 program · $3.0M · in their own filed words · FY2024
01

The organization is a limited partner of MP palo alto gardens LLC, a partnership which owns and operates low income housing for low income persons. The organization is also the sole member in various single member LLCS, which have managing member interests in some partnerships which owns and operates housing for the benefit of low income…

$3.0Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Midpen Housing CorporationFY2025$1.9M
Total grants receivedfrom 1 funder$1.9M
Grants paid · 1 grant · $121K · 2020–2020
Midpen Housing CorporationCA · FY2020$120,947

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$444K
Ln 12
Fees for servicesLn 2g$707K
Investment incomeLn 3$44K
Gifts and grantsLn 1h$38K
Money outPt IX
$3.1M
Ln 25
Programscol B$3.0M
Managementcol C$120K
Owns and owesPt X
−$3.6M
net assets · Ln 32
Cash and savingsLn 1–2$488K
Total assetsLn 16$79.9M
LiabilitiesLn 26$83.5M
PeoplePt VI, VII
22
listed · VII A
PaidVII A0
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$38K
Government grantsLn 1e$38K
Fees for servicesLn 2g$707K
Investment incomeLn 3$44K
Gains on assetsLn 7−$346K
Total revenueLn 12$444K
Assets in detailPt X, end of year
CashLn 1$319K
SavingsLn 2$169K
Cash and savings togetherLn 1–2$488K
Land, buildings, equipmentLn 10c$77.1M
Other assetsLn 15$2.0M
Total assetsLn 16$79.9M
LiabilitiesLn 26$83.5M
Net assetsLn 32−$3.6M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.2M$488K
Land, buildings, equipmentLn 10c$7.7M$77.1M
Total assetsLn 16$54.7M$79.9M
LiabilitiesLn 26$55.6M$83.5M
Net assetsLn 32−$948K−$3.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$172K$172K
Other employee benefitsLn 9$26K$26K
Payroll taxesLn 10$10K$10K
Management feesLn 11a$96K$96K
Legal feesLn 11b$6K$6K
Accounting feesLn 11c$24K$24K
Advertising and promotionLn 12$62K$62K
Office expensesLn 13$41K$41K
Information technologyLn 14$11K$11K
Travel and entertainment for public officialsLn 18$1K$1K
InterestLn 20$998K$998K
Depreciation, depletion and amortizationLn 22$699K$699K
InsuranceLn 23$73K$73K
Other expenses (24a–d)Ln 24$900K$900K
All other expensesLn 24e$740$740
Total functional expensesLn 25$3.1M$3.0M$120K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $444K$3.1M−$2.7M−$3.6M 990 PDF
FY2023 $619K$997K−$378K−$948K 990 PDF
FY2022 $499K$897K−$399K−$570K 990 PDF
FY2021 $442K$543K−$102K−$172K 990 PDF
FY2020 $11$128K−$128K−$62K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $443,820 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $17,737$37,632
I-9 Program service revenuePrior year $646,405$707,483
I-10 Investment incomePrior year −$44,895−$301,460
I-11 Other revenuePrior year $0$165
I-12 Total revenuePrior year $619,247$443,820
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $47,698$208,196
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $949,242$2,911,314
I-18 Total expensesPrior year $996,940$3,119,510
I-19 Revenue less expensesPrior year −$377,693−$2,675,690
Part VI · Governance 14 of 14 board members independent, no flags
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $443,820 across 7 lines filed
VIII-1e Government grants$37,632
VIII-1h Total contributions, gifts and grants$37,632
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $707,483$707,483
VIII-3 Investment incomeExcluded from tax $44,329$44,329
VIII-7 Net gain or loss on sales of assetsRelated to mission −$345,789−$345,789
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $165$165
VIII-12 Total revenueRelated to mission $361,859 · Unrelated business $0 · Excluded from tax $44,329$443,820
Part IX · Statement of functional expenses $3,119,510 across 15 lines filed
IX-7 Other salaries and wagesPrograms $172,051$172,051
IX-9 Other employee benefitsPrograms $26,108$26,108
IX-10 Payroll taxesPrograms $10,037$10,037
IX-11a Management feesManagement $95,609$95,609
IX-11b Legal feesPrograms $5,820$5,820
IX-11c Accounting feesManagement $23,915$23,915
IX-12 Advertising and promotionPrograms $61,870$61,870
IX-13 Office expensesPrograms $40,803$40,803
IX-14 Information technologyPrograms $11,486$11,486
IX-18 Travel and entertainment for public officialsPrograms $1,308$1,308
IX-20 InterestPrograms $997,975$997,975
IX-22 Depreciation, depletion and amortizationPrograms $698,988$698,988
IX-23 InsurancePrograms $73,292$73,292
IX-24 Other expenses (24a–d)Programs $899,508$899,508
IX-24e All other expensesPrograms $740$740
IX-25 Total functional expensesPrograms $2,999,986 · Management $119,524 · Fundraising $0$3,119,510
Part X · Balance sheet $79,854,116 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $1,098,862$318,720
X-2 Savings and temporary cash investmentsStart of year $108,846$169,203
X-4 Accounts receivableStart of year $17,206$19,616
X-9 Prepaid expenses and deferred chargesStart of year $197$220,860
X-10c Land, buildings and equipment, netStart of year $7,688,414$77,080,808
X-14 Intangible assetsStart of year $0$13,650
X-15 Other assetsStart of year $45,743,580$2,031,259
X-16 Total assetsStart of year $54,657,105$79,854,116
X-17 Accounts payable and accrued expensesStart of year $9,434,854$5,850,821
X-19 Deferred revenueStart of year $5,420$17,753
X-25 Other liabilitiesStart of year $1,823,206$2,034,640
X-26 Total liabilitiesStart of year $55,605,050$83,467,534
X-27 Net assets without donor restrictionsStart of year −$947,945−$3,613,418
X-32 Total net assets or fund balancesStart of year −$947,945−$3,613,418
X-33 Total liabilities and net assetsStart of year $54,657,105$79,854,116
Part XI · Reconciliation of net assets −$3,613,418 net assets at year end
XI-1 Total revenue$443,820
XI-2 Total expenses$3,119,510
XI-3 Revenue less expenses−$2,675,690
XI-4 Net assets at start of year−$947,945
XI-9 Other changes in net assets$10,217
XI-10 Net assets at end of year−$3,613,418

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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